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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
Cannabis Testing Company may lose license for falsely inflating THC levels
Business & Finance
RENO - A Las Vegas-based facility that intentionally manipulated cannabis testing results will likely face disciplinary action after state regulators denied the company’s motion to dismiss the action Tuesday. The Cannabis Compliance Board voted unanimously to reject Lettucetest LLC’s motion to dismiss disciplinary action against the company that co
Ontario made $520M from pot last year. So why do retailers say they're struggling?
Business & Finance
Ontario Cannabis Stores, the province's pot supplier, charges a 31% mark-up to retailers. The province of Ontario made more than a half a billion dollars from the cannabis industry in the last fiscal year, according to public accounts released by the government on Friday. But that $520 million is coming at least partially at the expense of struggli
An Art Gallery that sells Cannabis? How one Dispensary is Standing Out
Business & Finance
2022 has been a tough year for a lot of cannabis brands. On the one hand, more markets than ever have opened. But between inflation and taxation many are feeling the pinch. That doesn’t mean it’s all doom and gloom, some brands are standing out, and they’re doing it by exploring those new markets and having a unique business model.  On the retail s
Passage of Marijuana amendment would mean huge economic boom for State and Municipalities
Business & Finance
KANSAS CITY - When Missouri voters go to the polls in November to decide whether recreational use of marijuana should be legal there’s a lot more than pot use at stake. Approval could mean big money for the state and cities. Marijuana is estimated to be an almost two-billion-dollar market in Missouri. Most of that is due to illegal sales with no be
Florida firm Bankrolls drive to legalize Recreational Marijuana
Business & Finance
TALLAHASSEE - Florida-based Trulieve, one of the nation’s largest medical marijuana companies, has kickstarted a campaign to legalize recreational marijuana for adults in the Sunshine State. The company has contributed $10 million to date to the Smart & Safe Florida campaign to get a constitutional amendment on the 2024 ballot, and so far is its so
L.A. Times investigates California's Marijuana legalization disaster
Business & Finance
An emphasis on corruption and enforcement downplays the very real influence of regulation and taxes on California's booming black market. The Los Angeles Times has released a heavily researched, heavily reported investigation on the many, many ways that California's legalization of marijuana has been a disastrous mess. Titled "Legal Weed, Broken Pr
Retailers and growers warn of Cannabis shortage ahead of Retail sales
Business & Finance
A late start for both outdoor and indoor growers, compounded by supply chain and testing problems, will mean a limited supply of recreational cannabis available in retail stores when they start opening for business on Oct. 1, according to growers, regulators and retailers. “We’re looking at probably 20, maybe 30 outdoor licensees with product this
Cannabis Lounges approved to open in Las Vegas
Business & Finance
LAS VEGAS - Marijuana consumption lounges are one step closer to coming to the Las Vegas city limits. City Council voted 5-1 against a motion by Councilwoman Victoria Seaman on Wednesday. She wanted to stop businesses from applying for a cannabis lounge license from the state. Nevada will open the application window for licensing weed lounges for 1
Local group gets permit for Marijuana Farm
Business & Finance
A group of local businessmen plan to run a marijuana growing site in Chaves County, having received a special use permit from the Roswell-Chaves County Extraterritorial Zoning Commission Tuesday night. The citizens' group voted 4-1 for the initial 10-year term for the permit during its meeting at the Chaves County Administrative Center after hearin
National advocacy group forms to give small Cannabis Businesses a voice
Business & Finance
Mark Barnett is the founder of the Maine Craft Cannabis Association, one of six state organizations part of the National Craft Cannabis Coalition. PORTLAND - After a blazing summer of sales for Maine's cannabis industry, the slow season has arrived for local stores across the state. Maine is closing in on two years of allowing adult-use or recreati
Virginia Beach considers creating cannabis task force before retail pot sales roll out
Business & Finance
VIRGINIA BEACH - With miles of beaches, plenty of restaurants, and things to do, Virginia Beach draws thousands of visitors each year. Many in the resort city want to keep it that way. “I don’t think we want to create the perception that Virginia Beach is a marijuana destination,” said Randy Thompson of Virginia Beach. “That’s not criticizing that
Hopewell Township puts pause on future resolutions of support for Cannabis Retailers
Business & Finance
Hopewell Township will halt future local support for cannabis retail establishments. The township has already issued resolutions supporting four applicants. Township Committee members voted unanimously to approve a resolution at the governing body’s Sept. 19 meeting. “I think it is prudent to put a pause on things. We have vetted a couple opportuni
Denver City Council vote hands Marijuana delivery services big win
Business & Finance
The Denver city council on Monday unanimously approved a bill that would slash the price of fees related to starting and contracting a marijuana transportation business.  As part of the bill, the council removed a July 2024 sunset date on an exclusivity period for social equity transporter businesses — meaning dispensaries can only use these busine
Marijuana funding to help create youth Community space in Glenwood Springs
Business & Finance
The Glenwood Springs Community Center is seeking more marijuana tax funding to maintain the facility as a “third space” for underserved or at-risk youth.   If a young person’s first place is their home and their second place is their school, the Parks and Recreation Community Center wants to become a third place for teens and preteens.  “Support gr
Businesses in Thailand join hands to promote Hemp industry in Asia
Business & Finance
Private businesses in Thailand are looking to network with hemp suppliers in order to capitalize on the plant’s industrial and medical potential. The Thai Industrial Hemp Trade Association (TIHTA) recently signed a cooperation agreement with 12 manufacturing industries to showcase innovations and technology related to the hemp industry later this y
Minnesota medical marijuana company sues state, seeks to sell some of its edibles on open market
Business & Finance
​Vireo Health argues its products are "chemically identical" to THC edibles derived from legal hemp.  Minnesota's new hemp-derived THC edible law is facing its first major legal challenge from one of the state's medical cannabis companies, which claims it should be able to sell its "chemically identical" marijuana edibles on the open market. Origin

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